The Aged P

…just toasting and ruminating….

21 March
Comments Off on The Left Says People Are Stupid So Government Should Tell Then How to Spend Their Pension Pot

The Left Says People Are Stupid So Government Should Tell Then How to Spend Their Pension Pot

I have never been a great fan of George Osborne. Like Cameron he is comes from a background of extreme wealth, never really had a proper job and has the charisma of a roll of felt. I also cannot really forgive his omnishambles of a budget in 2012 when he deftly kicked the ball into his own net several times.

But I will give him credit for giving pensioners greater control of their own pension pot

The centrepiece of yesterday’s Budget was a plan to allow people to withdraw their pension pot as a cash lump sum instead of investing in a pension plan, which ministers claim will give people choice to spend their money how they wish.

Laughably an assortment of financial “experts” (you know, the ones who so failed to foresee the 2008 recession) and Labour politicians waxed lyrical about the dangers of allowing people to spend their savings how they want.

The BBC, which spends taxpayers money like a drunken sailor on steroids, naturally joined in the chorus of doom.

These people really do think they know what’s best for you and me – better than we do ourselves. They devote their lives to filching money from our pockets and purses in order to do us good – and their schemes almost always end up in failure. They do not know how to generate money – only how to spend other people’s money

Above all they think we are stupid and need to be told what to do.

Then they wonder why more and more people outside the media/political/cultural elite are turning to a party of outsiders like UKIP…..

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